OpenAI and AMD Strike Billion-Dollar Chip Deal

Cheddar News

OpenAI & AMD have struck a multiyear deal that could give OpenAI up to a 10% stake in the chipmaker, sending AMD shares up more than 35% in premarket trading.

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00:00OpenAI and AMD have struck a multi-year deal that could give OpenAI up to a 10% stake in

00:06the chipmaker, sending AMD shares soaring more than 35% in Monday's pre-market trading.

00:12The agreement centers on OpenAI deploying 6 gigawatts of AMD's Instinct GPUs across

00:19future hardware generations, beginning with 1 gigawatt in late next year.

00:23AMD granted OpenAI warrants for up to 160 million shares, tied to deployment and performance

00:30milestones.

00:31While OpenAI called the partnership a multi-billion dollar investment, it has not revealed the

00:37exact value of the deal.

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